The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ23Y0087
- Recipient
-
Renaissance Economic Development Corp UEI Y58HKAHAQTQ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,037,740
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- New York, NY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1,037,740 Microloan Program (CFDA 59.046) formula grant to Renaissance Economic Development Corp, doing business as Asian Americans For Equality, to provide microloans, business training, and technical assistance to start-up, newly established, and growing small businesses in underserved communities. As an SBA-approved microlender and Community Development Financial Institution (CDFI), Renaissance Economic Development Corp will utilize the grant funding to issue small-scale loans and deliver entrepreneurial development services targeting women, low-income, and minority business owners and individuals. The award period is from July 1, 2023 to June 30, 2024.
Description
The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and growing small business concerns.
Quick answers
Who received award SBAHQ23Y0087?
SBAHQ23Y0087 was awarded to Renaissance Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0087 worth?
$1,037,740 has been obligated on SBAHQ23Y0087.
Which agency awarded SBAHQ23Y0087?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0087, with funding from Office of Capital Access (Small Business Administration).
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